Sonova (OTCMKTS:SONVY) Shares Gap Down – Here’s Why

Sonova Holding (OTCMKTS:SONVY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $52.17, but opened at $49.18. Sonova shares last traded at $49.28, with a volume of 3,515 shares.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SONVY shares. Zacks Research upgraded shares of Sonova from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Royal Bank Of Canada raised shares of Sonova to a “moderate buy” rating in a report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Sonova has an average rating of “Hold”.

Sonova Stock Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.24 and a quick ratio of 0.91. The company has a 50-day simple moving average of $52.90 and a 200 day simple moving average of $53.93.

Sonova Company Profile

Sonova AG (OTCMKTS:SONVY) is a Switzerland-based provider of hearing care solutions, headquartered in Stäfa. The company designs, develops, manufactures and distributes a range of audiological products and related services aimed at improving hearing and communication for people with hearing loss. Its portfolio spans behind-the-ear and in-the-ear hearing instruments, wireless accessories and software solutions that enable connectivity with consumer devices and audiological fittings.

Sonova markets its products under several well-known brands, including Phonak and Unitron for hearing aids, and it is also associated with Advanced Bionics for cochlear implant systems.